Project: An interview with the economic expert(Je's)

Topic: Economic and financial crisis

A process

To begin with, our team fixed interview questions about the crisis of economy. After we selected questions for our project, we met experts who are lecturers in economics. We were needed for some expert explation on the questions. Namely, we were needed for professional help. Mr. Leverett helped us to meet them. We had about 15 minutes meeting each person. It took us about half an hour to ask the economic and financial questions. Even though we spoke to them with a bad pronuncition, they answered with kindness. It was a useful meeting.

A question and answer

I was focusing on the financial crisis in the U.S.. They had the same views in this question; the U.S. market has been depressed due to the sub-prime mortgage crisis, and the deteriorated cash flow resulted in global economic downturn and the slump in export market. They explain to us why the sub-prime mortgage crisis broke out. They pointed out that the main cause was a sharp drop in housing price. Meanwhile, they had prospects for the U.S. economy this year. In particular, Dr. Alison Watts told us "the global economy is suffering an economic recession caused by the U.S. financial crisis in the second half of 2008 and it is uncertain when the U.S. economy will recover from the recession. However, he told us " It will not be a double-dip in the U.S. economy." They also told us " Neverthless, American must turn this crisis into an opportunity." I think that this advice is very helpful to us.